2007 Notices

 
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December 2007

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Regulatory Notices
07-65 FINRA Amends NYSE Rule 409(f) (Statements of Accounts to Customers) to Eliminate the Requirement to Include the Name of the Securities Market on which a Transaction is Effected
Effective Date: January 1, 2008
Posted on: 12/26/2007
07-64 SEC approves amendments to NASD Rule 3010(g)(1) to Exempt Locations that Solely Conduct Final Approval of Research Reports
Effective Date: December 19, 2007
Posted on: 12/19/2007
07-63 FINRA Adopts Rule Amendments Relating to Reporting of Odd-Lot Transactions
Effective Date: March 3, 2008
Posted on: 12/13/2007
07-62 Revisions to the Series 23, 24, 42, 55, 62, 72 and 82 Examination Programs
Implementation Date: February 12, 2008
Posted on: 12/12/2007
07-61 SEC Approves Exemption from TRACE Reporting Requirements for Certain "Derivative-Related Transactions"
Notice 07-61 supersedes NTM 05-77
Effective Date: December 13, 2007
Posted on: 12/11/2007
07-60 FINRA Announces Relief Relating to Customer and PAIB Reserve Formula Computations and Required Deposits around the December 2007 Month-End Holidays
Posted on: 12/11/2007
07-59 FINRA Provides Guidance Regarding the Review and Supervision of Electronic Communications
This Notice was updated on 12/13/07 to reflect non-substantive changes.
Posted on: 12/7/2007
Election Notices
12/14/2007 Small Firm Advisory Board Election and Ballots
Posted on: 12/14/2007
Information Notices
12/21/2007 2008 Holiday Trade Date, Settlement Date and Margin Extensions Schedule
Posted on: 12/21/2007
12/20/2007 2007-2008 Filing Due Dates
Posted on: 12/20/2007
Disciplinary and Other FINRA Actions
Posted on: 12/17/2007
 

November 2007

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Regulatory Notices
07-58 FINRA Solicits Comments on Proposed Guidance Regarding International Prime Brokerage Practices
Comment Period Expired: January 10, 2008
Posted on: 11/26/2007
07-57 SEC Approves a Proposed Rule Change Relating to Representation of Parties in Arbitration and Mediation
Effective Date: December 24, 2007
Posted on: 11/23/2007
07-56 Securities Industry/Regulatory Council on Continuing Education Issues Firm Element Advisory Update
Posted on: 11/19/2007
07-55 FINRA Reminds Member Firms of Their Obligations Regarding Background Investigations of Prospective Personnel
Posted on: 11/14/2007
07-54 SEC Approves New NASD Rule 2290 Regarding Fairness Opinions
Effective Date: December 8, 2007
Posted on: 11/8/2007
07-53 SEC Approves New NASD Rule 2821 Governing Deferred Variable Annuity Transactions
Effective Date: May 5, 2008
Posted on: 11/6/2007
07-52 SEC Approves FINRA Membership Waive-In Process for Certain NYSE Member Organizations
Effective Date: October 12, 2007
Posted on: 11/2/2007
Election Notices
11/1/2007 FINRA Small Firm Advisory Board Election
Posted on: 11/1/2007
Information Notices
11/26/2007 Continuing Education Planning
Posted on: 11/26/2007
 

October 2007

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Regulatory Notices
07-51 Amendments to NASD IM-9216 to include certain NYSE Rules under the Minor Rule Violation Plan
Effective Date: September 24, 2007
Posted on: 10/30/2007
07-50 SEC Approves Amendments to NASD Rule 11870 and NYSE Rule 412 to Conform with NSCC's ACATS Transfer Cycle Time Frames
Effective Date: October 22, 2007
Posted on: 10/29/2007
07-49 Guidance for Firms Affected by the California Wildfires
Posted on: 10/25/2007
07-48 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative, and Branch Renewals for 2008
This Notice was changed on 10/15/07 to correct some non-substantive text and to amend the list of regulators that do not participate in the CRD Phase II Program to the American Stock Exchange, Chicago Stock Exchange, National Stock Exchange, NYSE Arca, Inc. and Philadelphia Stock Exchange.
Payment Deadline: December 10, 2007
Posted on: 10/8/2007
07-47 Amendments to NASD IM-2210-4: Web Site References to FINRA Membership and Limitations on the Use of FINRA's Name and Other Corporate Names Owned by FINRA
Effective Date: November 17, 2007
Posted on: 10/5/2007
Information Notices
10/5/2007 Extension of Current Rate for Fees Paid under Section 31 of the Exchange Act
Posted on: 10/5/2007
Disciplinary and Other FINRA Actions
Posted on: 10/15/2007
 

September 2007

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Regulatory Notices
07-46 FINRA Requests Comment on Proposed Amendments to OTC Trade Reporting Requirements for Equity Securities
Comment Period Expired November 12, 2007
Posted on: 9/28/2007
07-45 Amendments to NASD Rule 3210 to Conform with Amendments to the SEC's Regulation SHO Delivery Requirements
Effective Date: October 15, 2007
Posted on: 9/21/2007
07-44 SEC Approves New Interpretive Material That Authorizes FINRA to Establish a Temporary Program to Allow Firms to Voluntarily Remit Accumulated Funds; Reminder Concerning Proper Disclosure of the Section 3 Fee
This Notice was updated on 10/4/07 to correct the ZIP code on p. 3.
Effective Date: December 11, 2007 Sunset Date: June 11, 2008
Posted on: 9/12/2007
07-43 FINRA Reminds Firms of Their Obligations Relating to Senior Investors and Highlights Industry Practices to Serve these Customers
Posted on: 9/10/2007
07-42 SEC Approves NASD Rule 1160 Regarding Firm Contact Information
Effective Date: December 31, 2007
Posted on: 9/7/2007
07-41 Member Firms are Reminded to Register with FINRA Associated Persons Who Also are Registered with Another SRO in a FINRA-Recognized Registration Category
Posted on: 9/6/2007
Election Notices
9/26/2007 FINRA Notice of Meeting and Proxy
Posted on: 9/26/2007
Information Notices
9/20/2007 Fingerprint Processing Fees
Posted on: 9/20/2007
Disciplinary and Other FINRA Actions
Posted on: 9/17/2007
 

August 2007

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Regulatory Notices
07-40 SEC Approves Exception to Three Quote Rule and Related Recordkeeping Requirements for Certain Foreign Securities
Effective Date: September 28, 2007
Posted on: 8/31/2007
07-39 SEC Approves Amendments Regarding OATS Routing Method Code for Intermarket Sweep Orders
Effective Date: February 4, 2008
Posted on: 8/30/2007
07-38 FINRA Extends Implementation of Rule Amendments Relating to Non-Tape (Or Clearing-Only) Reports for Previously Executed Trades
Revised Effective Date: November 5, 2007
Posted on: 8/29/2007
07-37 Extension of Pilot Program Increasing Position and Exercise Limits for Stock Options
Posted on: 8/28/2007
07-36 FINRA Clarifies Guidance Relating to SEC Regulation S-P under Notice to Members 07-06 (Special Considerations When Supervising Recommendations of Newly Associated Registered Representatives to Replace Mutual Funds and Variable Products)
Posted on: 8/13/2007
07-35 Extension of Temporary Relief from NYSE Rule 409(f) (Statements of Accounts to Customers) to January 1, 2008
This Notice was updated on 12/13/07 to reflect non-substantive changes.
Posted on: 8/10/2007
07-34 SEC Approves Amendments Relating to the Issuer-Directed Provisions of Rule 2790
Effective Date: September 5, 2007
Posted on: 8/6/2007
07-33 FINRA Adopts Rule Amendments Relating to Non-Tape (or Clearing-Only) Reports for Previously Executed Trades; (Including Step-outs, Reversals and Riskless Principal Transactions)
Notice 07-33 has been superseded by Notice 07-38
Effective Date: September 4, 2007
Posted on: 8/3/2007
Election Notices
8/3/2007 Nominees for FINRA Board of Governors
Posted on: 8/3/2007
Disciplinary and Other FINRA Actions
Posted on: 8/15/2007
 

July 2007

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07-32 NASD Amends Rule 3013 and Interpretive Material 3013 to Permit Members to Designate Co-Chief Executive Officers and Multiple Chief Compliance Officers
Compliance Date: July 16, 2007
Posted on: 7/25/2007
07-31 NASD Rule Changes to Conform with Amendments to SEC Rule 10a-1 and Regulation SHO;
Compliance Date: July 6, 2007
Posted on: 7/5/2007
Disciplinary and Other NASD Actions
Posted on: 7/16/2007
 

June 2007

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07-30 NASD and NYSE Request Comment on Proposed Joint Guidance Regarding the Review and Supervision of Electronic Communications;
Comment Period ExpiredJuly 13, 2007
Posted on: 6/14/2007
07-29 SEC Approves Rule 2342 Setting Forth Requirements for Providing SIPC Information to Customers;
Effective Date: November 6, 2007
Posted on: 6/8/2007
07-28 SEC Approves Additional Mark-Up Policy for Transactions in Debt Securities, Except Municipal Securities;
Effective Date: July 5, 2007
Posted on: 6/5/2007
07-27 NASD Requests Comment on Proposed Rule 2721 to Regulate Member Private Securities Offerings;
Comment Period Expired July 20, 2007
Posted on: 6/5/2007
Disciplinary and Other NASD Actions
Posted on: 6/16/2007
 

May 2007

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07-25 NASD Provides Guidance Concerning Trade Reporting Obligations for Transactions in Foreign Securities and American Depositary Receipts
Posted on: 5/18/2007
07-24 New Requirement for the Reporting of Consolidated Short Interest Positions to the Intermarket Surveillance Group (ISG);
Effective September 2007
Posted on: 5/15/2007
07-23 NASD Trade Reporting Requirements Related to Regulation NMS
See Trade Reporting Notice 2/24/09 for updates to Regulation NMS trade reporting requirements.
Posted on: 5/11/2007
07-22 NASD Establishes New OTC Equity Trade and Quote Halt Codes;
Effective Date: May 7, 2007
Posted on: 5/4/2007
07-21 Reporting of Transactions in TRACE-Eligible Securities With Execution Dates More Than T+365 Days Before Date of Report;
TRACE System Enhancement Effective on June 4, 2007
Posted on: 5/4/2007
07-20 NASD Amends Rules 1012 and 1013 to Require Applicants for Membership to Submit Applications Using Online Form NMA;
Implementation Date: May 7, 2007; Compliance Date: May 31, 2007
Posted on: 5/1/2007
Disciplinary and Other NASD Actions
Posted on: 5/15/2007
 

April 2007

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07-19 SEC Approves Amendments to Expand IM-2110-2 to Include OTC Equity Securities;
Please note: The effective date of the expansion of IM-2110-2 to include OTC equity securities, which was approved as part of SR-NASD-2005-146, is delayed until 60 days after SEC approval of the proposed changes in SR-NASD-2007-041. Certain other amendments approved as part of SR-NASD-2005-146 became effective on July 26, 2007. For further information, see SR-FINRA-2007-038. See also File Nos. SR-FINRA-2007-023 and SR-NASD-2007-039.
Effective Date: July 26, 2007
Posted on: 4/27/2007
07-18 SEC Approves Amendments to TRACE Reporting Exempting Trades in TRACE-Eligible Securities Conducted on a Facility of, and Reported to, the New York Stock Exchange;
Effective Date: January 9, 2007
Posted on: 4/26/2007
07-17 NASD and NYSE Joint Release Regarding Special Measures against Specified Banks Pursuant to Section 311 of the USA PATRIOT Act
Posted on: 4/18/2007
07-16 Frequently Asked NASD Financial and Operational Questions
This version reflects changes to the answers to QA-2 and QB-8.
Posted on: 4/9/2007
Disciplinary and Other NASD Actions
Posted on: 4/16/2007
 

March 2007

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07-15 SEC Approves Amendments to TRACE Rules to Reflect the Availability of TRACE "Snapshot" Data for a Reduced Monthly Fee;
Effective Date: May 1, 2007
Posted on: 3/26/2007
07-14 Portfolio Margin Risk Disclosure Statement and Written Acknowledgement to be Furnished to Customers Using a Portfolio Margin Account
Posted on: 3/19/2007
07-13 SEC Approves Amendments to NASD Code of Arbitration Procedure Concerning Subpoenas and Payment of Arbitrators;
Effective Date: April 2, 2007
Posted on: 3/2/2007
Disciplinary and Other NASD Actions
Posted on: 3/15/2007
 

February 2007

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07-12 NASD Requests Comment on Proposed Amendments to Rules 3010(g) and 2711 in Connection with the Rule Harmonization Project with the NYSE;
The comment period was extended to April 9, 2007.
Comment Period Expired March 26, 2007
Posted on: 2/22/2007
07-11 Amendment to Margin Rules to Establish a Portfolio Margin Pilot Program;
Effective Date: April 2, 2007
Posted on: 2/20/2007
07-10 SEC Approves Changes to NASD Interpretive Material 8310-2 Regarding the Release of Information through NASD BrokerCheck;
Effective Date: March 19, 2007
Posted on: 2/16/2007
07-09 SEC Approves Amendments to NASD Rules to Modify and Expand NASD's Authority to Initiate Trading and Quotation Halts in Over-the-Counter (OTC) Equity Securities;
Effective Date: March 16, 2007
Posted on: 2/16/2007
07-08 Extension of Pilot Program Increasing Position and Exercise Limits for Stock Options
Posted on: 2/15/2007
07-07 SEC Approves Revision of Customer and Industry Portions of NASD Code of Arbitration Procedure;
Effective Date: April 16, 2007
Posted on: 2/15/2007
07-06 Special Considerations When Supervising Recommendations of Newly Associated Registered Representatives to Replace Mutual Funds and Variable Products
Posted on: 2/13/2006
07-05 Amendments to the Fees for Filing Offering Documents by Well Known Seasoned Issuers Pursuant to the Corporate Financing Rule;
Effective Date: February 26, 2007
Posted on: 2/7/2006
Disciplinary and Other NASD Actions
Posted on: 2/15/2007
 

January 2007

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07-04 Codification of Interpretations to Rule 2711;
Implementation Date: September 27, 2006
Posted on: 1/24/2007
07-03 NASD Announces SEC Approval of Amendments to Rule 2860 and Issues Guidance Concerning Large Options Position Reports and Aggregation of Certain Positions;
Effective Date of Amendments February 12, 2007
Posted on: 1/12/2007
07-02 SEC Approves Amendment to Interpretive Material 2210-4 (Limitations on Use of NASD's Name) Requiring Firms that Refer to their NASD Membership on a Web Site to Provide a Hyperlink to www.nasd.com;
The effective date has been extended to October 31, 2007.
Effective Date: July 7, 2007
Posted on: 1/8/2007
07-01 Broker-Dealer, Investment Adviser Firm, Agent and Investment Adviser Representative Renewals for 2007
Posted on: 1/3/2007
Disciplinary and Other NASD Actions
Posted on: 1/16/2007